A Legacy System Is an Integrated Suite of Business Applications

question 65

True/False

A legacy system is an integrated suite of business applications for virtually every department,process,and industry,allowing companies to integrate information across operations on a company-wide basis using one large database.

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Definitions:

Decline Stage

A phase in the product life cycle characterized by a decrease in sales and profitability, indicating that the product is nearing the end of its market life.

Product Life Cycle

The stages through which a product goes from conception to decline, including development, introduction, growth, maturity, and decline.

Product Life Cycle

The stages a product goes through from introduction to growth, maturity, and finally decline in the market.

Harvesting Strategy

A business approach focused on extracting maximum profit from a product, market segment, or business unit with no intention of long-term investment.